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Struggling homeowners will get more time to take advantage of a federal consumer-mortgage modification initiative.The White House announced Thursday the extension of The Making Home Affordable Program, which includes the Home Affordable Modification Program (HAMP), until 2015. The program was set to expire at the end of this year, and aims to help lower eligible homeowners' monthly mortgage payments and prevent foreclosures.Despite recent economic data, including steadily-rising home prices and strong existing home sales, Treasury Secretary Jack Lew said many homeowners are still underwater and have a hard time making ends meet."Helping responsible homeowners avoid foreclosure is part of our wide-ranging efforts to strengthen the middle class," he said in a release Thursday. He added that extending the application deadline will prevent more foreclosures while maintaining accountability in the mortgage industry.RealtyTrac reported Thursday that 190,121 foreclosed properties were sold in...
NMI Holdings Inc., a new mortgage insurer, sold its first policies earlier this month, becoming just the second new company to enter the niche market of insuring hom...
U.S. home prices kept rising in February as the housing market continues to climb back from a deep downturn.Home prices increased 0.7% on a seasonally adjusted basis...
U.S. home prices kept rising in February as the housing market continues to climb back from a deep downturn.Home prices increased 0.7% on a seasonally adjusted basis...
Mexican President Enrique Pena Nieto plans to present a broad financial-reform proposal early Tuesday that aims to raise Mexico's low rate of lending to the private ...
Mexico is likely to create a universal credit bureau that adds information from government lenders and nonregulated entities to existing data from commercial banks a...
UBS AG (UBSN.VX, UBS) must defend a lawsuit brought by the federal regulator for Fannie Mae (FNMA) and Freddie Mac (FMCC) over the sale of $6.4 billion in securities...
Wells Fargo Advantage Funds Senior Portfolio Manager Margie Patel weighs in on whether the market will continue to rise, or will soon burst.
5 years since government rescued mortgage companies
Staten Island, NY resident Scott McGrath on the rising costs facing victims of Superstorm Sandy.
Fannie Mae (FNMA) and Freddie Mac (FMCC) will simplify their mortgage modification policies, waiving a requirement that borrowers who are already seriously delinquen...
Assurant Inc. (AIZ), the largest seller of "force-placed" home insurance in the U.S., agreed to pay a $14 million penalty and provide restitution to some New York ho...
Assurant Inc. (AIZ), the largest seller of "force-placed" home insurance in the U.S., agreed to pay a $14 million penalty and provide restitution to some New York ho...
Home sellers in some markets are receiving multiple bids, and when it comes to picking the best offer, experts warn it's not all about price. "The highest offer is n...
Mortgages with low down payments are returning, making it easier for cash-strapped homebuyers to make the leap. As of May 1, the average down payment has dropped 9.4...
New-home sales increased in April, while prices hit a record high, the latest signs of a stronger housing market as the spring selling season gets underway.Sales of ...
U.S. home prices rose again in March, pointing to continued support for economic growth from the housing industry.Home prices increased 1.3% in March from February o...
U.S. home prices rose again in March, pointing to continued support for economic growth from the housing industry.Home prices increased 1.3% in March from February o...
Credit.com Director of Consumer Education Gerri Detweiler on how consumers can rebuild their credit scores.
If you are looking for a way to reduce your monthly mortgage payments, buying points could lower the interest amount.Called discount points by mortgage brokers and l...
